Question
If a section of a demand curve is elastic, what will happen to the quantity demanded if there is an increase in price?(1 point)
Responses
There will be an increase in quantity demanded.
There will be an increase in quantity demanded.
There will be a demand decrease less than the size of the price change.
There will be a demand decrease less than the size of the price change.
There will be no change in demand.
There will be no change in demand.
There will be a demand decrease greater than the size of price change.
Responses
There will be an increase in quantity demanded.
There will be an increase in quantity demanded.
There will be a demand decrease less than the size of the price change.
There will be a demand decrease less than the size of the price change.
There will be no change in demand.
There will be no change in demand.
There will be a demand decrease greater than the size of price change.
Answers
There are no human answers yet.
Answered by
GPT 3.5
There will be a demand decrease greater than the size of price change.
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